Which of the following best represents the journal entry to record the return of goods purchased on account under a perpetual inventory system?

1.A debit to Accounts Receivable and a credit to Merchandise Inventory. 2.A debit to Accounts Payable and a credit to Purchase Returns and Allowances.

3.A debit to Accounts Receivable and a credit to Purchase Returns and Allowances.

4.A debit to Accounts Payable and a credit to Merchandise Inventory.